$SOLV Signal】Overbought zone oscillation, wait for a pullback to go long


$SOLV 4H RSI 77, Bollinger Band upper band at 0.0046 was broken, then price retreated to 0.00483. 1H MACD histogram narrows, buying momentum slows. Deep sell orders reach 30%, funding rate -0.4% indicates extremely high shorting costs. Current risk-reward ratio is poor, chasing longs yields less than 1% profit with over 15% stop loss.
🎯Direction: Watchful (place orders on pullback to go long)
⚡Orders: Staggered orders within the range of 0.004208 - 0.004807
🛑Stop loss: 0.004080
🚀Target 1: 0.004827
🚀Target 2: 0.004846
🛡️Trade management: - If an order is filled after placement, reduce position by half at Target 1 and move stop loss to entry price. If price drops below 0.004080, exit immediately.
Funding rate is highly negative but open interest (OI) has not increased, indicating short squeeze conditions are not ripe; thick sell orders suppress rebound space. Wait for price to retest 1H EMA50 (around 0.0042) or 4H mid-band (0.0041) before entering, risk is manageable.
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SOLV19.55%
BTC0.07%
ETH-0.28%
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